Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Tamar Securities LLC

Tamar Securities LLC boosted its holdings in Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 37.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,219 shares of the information services provider's stock after purchasing an additional 3,590 shares during the quarter. Tamar Securities LLC's holdings in Alphabet were worth $2,192,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Alphabet by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 497,874,324 shares of the information services provider's stock worth $75,144,172,000 after purchasing an additional 4,064,073 shares during the period. Capital Research Global Investors grew its position in shares of Alphabet by 14.4% in the 1st quarter. Capital Research Global Investors now owns 57,803,291 shares of the information services provider's stock worth $8,724,251,000 after acquiring an additional 7,275,757 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Alphabet by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 49,472,478 shares of the information services provider's stock worth $9,011,412,000 after acquiring an additional 238,403 shares in the last quarter. Capital World Investors grew its position in shares of Alphabet by 1.7% in the 1st quarter. Capital World Investors now owns 35,412,299 shares of the information services provider's stock worth $5,344,778,000 after acquiring an additional 597,756 shares in the last quarter. Finally, American Century Companies Inc. grew its position in shares of Alphabet by 1.8% in the 2nd quarter. American Century Companies Inc. now owns 23,465,190 shares of the information services provider's stock worth $4,274,184,000 after acquiring an additional 418,204 shares in the last quarter. 40.03% of the stock is currently owned by institutional investors and hedge funds.

Alphabet Trading Up 1.6 %

Shares of GOOGL stock traded up $2.55 during mid-day trading on Friday, reaching $165.27. The stock had a trading volume of 19,828,884 shares, compared to its average volume of 20,081,864. The stock's 50-day moving average price is $161.95 and its two-hundred day moving average price is $168.51. Alphabet Inc. has a 52-week low of $120.21 and a 52-week high of $191.75. The firm has a market capitalization of $2.03 trillion, a PE ratio of 23.71, a price-to-earnings-growth ratio of 1.27 and a beta of 1.04. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.04.

Alphabet (NASDAQ:GOOGL - Get Free Report) last posted its quarterly earnings data on Tuesday, July 23rd. The information services provider reported $1.89 EPS for the quarter, topping the consensus estimate of $1.85 by $0.04. The business had revenue of $84.74 billion for the quarter, compared to analyst estimates of $70.60 billion. Alphabet had a net margin of 26.70% and a return on equity of 30.49%. During the same quarter in the previous year, the firm posted $1.44 earnings per share. Equities analysts expect that Alphabet Inc. will post 7.65 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on GOOGL shares. Jefferies Financial Group boosted their price objective on Alphabet from $215.00 to $220.00 in a research report on Tuesday, July 9th. Wolfe Research began coverage on Alphabet in a research note on Tuesday, July 16th. They set an "outperform" rating and a $240.00 target price on the stock. Pivotal Research raised Alphabet to a "strong-buy" rating in a research note on Tuesday, October 1st. Citigroup boosted their price objective on Alphabet from $190.00 to $212.00 and gave the stock a "buy" rating in a research note on Wednesday, July 24th. Finally, JPMorgan Chase & Co. boosted their target price on Alphabet from $200.00 to $208.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 24th. Seven equities research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $201.76.

Insider Buying and Selling at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 682 shares of the stock in a transaction on Friday, August 2nd. The shares were sold at an average price of $168.00, for a total transaction of $114,576.00. Following the completion of the transaction, the chief accounting officer now owns 31,334 shares in the company, valued at $5,264,112. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Sundar Pichai sold 22,500 shares of the firm's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $167.66, for a total value of $3,772,350.00. Following the transaction, the chief executive officer now owns 2,159,885 shares of the company's stock, valued at $362,126,319.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Amie Thuener O'toole sold 682 shares of the company's stock in a transaction that occurred on Friday, August 2nd. The stock was sold at an average price of $168.00, for a total transaction of $114,576.00. Following the completion of the sale, the chief accounting officer now directly owns 31,334 shares of the company's stock, valued at $5,264,112. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 220,426 shares of company stock valued at $35,993,340. Insiders own 11.55% of the company's stock.

About Alphabet

Alphabet Inc offers various products and platforms in the United States, Europe, the Middle East, Africa, the Asia-Pacific, Canada, and Latin America. It operates through Google Services, Google Cloud, and Other Bets segments. The Google Services segment provides products and services, including ads, Android, Chrome, devices, Gmail, Google Drive, Google Maps, Google Photos, Google Play, Search, and YouTube.